Typical house prices increased by 8.6% over the course of 2020, meaning landlords saw their portfolios inflate in value by £38,820, research from Barrows and Forrester has found. Government figures show the average house price reached £254,525 in December 2020, up...
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One in eight sellers will pull out if they miss stamp duty holiday
Some 12 per cent of buyers will pull out of their transaction if it does not complete in time for their stamp duty exemption. That’s the finding of a survey by Knight Frank, which asked 500 current purchasers their intentions. To the question: Would you pull out of a...
Southend MP slams council plans for £700 property licence fee
AN MP has hit out at plans to slap landlords with a £700 charge for a property licence in Southend. James Duddridge, Tory MP for Rochford and Southend East, said the planned selected licencing scheme for parts of Southend. The council is pressing ahead with the plans...
Phased end of lockdown announced
The Prime Minister has announced a timetable to ease the lockdown. Those matters that affect property are:- From April 12th:- Up to six people from separate households could be able to meet in a beer gardens Non-essential retail opens from Self-contained holiday...
Owners of empty properties asked to help tackle housing shortage
Owners of empty or under-utilised properties in Kensington and Chelsea are being asked to bring them back into use to help tackle the borough’s housing shortage Kensington and Chelsea council will be contacting landlords of empty homes to encourage them to offer the...
Three-quarters of tenants happy with landlord
Three-quarter of tenants (75%) describe relationships with their landlords as “good” or “very good”, according to Mashroom – and 89% of landlords feel the same way. The letting agent alternative found that 59% of tenants cited strong communication as the reason for...
Changes to model tenancy agreement could result in perfect storm of student pet rental problems
Letting agents and landlords within the student rental sector are being urged to act with greater vigilance, as changes to the model tenancy agreement could lead to an increase in the number of students opting to have a pet while at university. Lockdown has caused a...
Business rates review report pushed back until autumn 2021
Retailers, hospitality firms and landlords will have to wait until later in 2021 for the government to publish a final report on its review of business rates. Due to the ongoing and wide-ranging impacts of the pandemic and economic uncertainty, the government said the...
Stricter EPC targets will deter buyers from moving – warning
Propertymark has slammed government energy efficiency proposals as being “unrealistic, too simplistic and could deter people from moving home.” A formal consultation process from government closed earlier this month. It proposed to introduce strict new targets...
New Propertymark chief executive resigns
An announcement from Propertymark this afternoon says: The Board of Propertymark has accepted the resignation of its CEO, Tim Balcon. Following four months in the role Tim has decided, and mutually agreed with the Board, that he will stand down as CEO of Propertymark...
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Tenants can rent their way onto the property ladder
The Times has run an article showing how a tenant, and his family were able to use the shock of an eviction notice to...
Pressure grows for ban on new leasehold flats
There is a growing calls for the government to ban new leasehold flats in England and Wales. Here are the key points:...